During the height of the COVID-19 pandemic, the IRS made a temporary change that allowed electronic signatures on some forms, documents, and returns. In October 2023, that change was made permanent in the Internal Revenue Manual (IRM).
In November, the IRS announced new contribution limits for retirement plans, which will take effect in 2024. For employees participating in 401(k), 403(b), and most 457 plans, as well as the federal government’s Thrift Savings Plan, the contribution limit will increase to $23,000 (up from $22,500). The annual contribution limit to IRAs will increase to $7,000 (up from $6,500).
